May 21, 2012Comments Off on Yahoo to sell half of its Alibaba stake for $7.1B

Struggling Internet company Yahoo Inc. has secured a lifeline after agreeing to sell half of its prized stake in Chinese e-commerce group Alibaba for about $7.1 billion, with most of the cash going to shareholders. The deal, announced Sunday in ...

Barclays Bank PLC, the U.K. bank, says it intends to dispose of its entire 19.6 percent stake in the U.S. asset management company BlackRock Inc, valued at $6.1 billion. The bank said Monday that it will sell its holding through ...